Formula 1
Formula 1
30 Apr
-
03 May
FP1 in
64 days
07 May
-
10 May
FP1 in
71 days
21 May
-
24 May
FP1 in
84 days
R
Azerbaijan GP
04 Jun
-
07 Jun
FP1 in
99 days
11 Jun
-
14 Jun
FP1 in
107 days
25 Jun
-
28 Jun
FP1 in
120 days
02 Jul
-
05 Jul
FP1 in
127 days
16 Jul
-
19 Jul
FP1 in
141 days
R
Hungarian GP
30 Jul
-
02 Aug
FP1 in
155 days
27 Aug
-
30 Aug
FP1 in
183 days
03 Sep
-
06 Sep
FP1 in
190 days
R
Singapore GP
17 Sep
-
20 Sep
FP1 in
204 days
24 Sep
-
27 Sep
FP1 in
211 days
R
United States GP
22 Oct
-
25 Oct
FP1 in
240 days
29 Oct
-
01 Nov
FP1 in
247 days
R
Brazilian GP
12 Nov
-
15 Nov
FP1 in
261 days
R
Abu Dhabi GP
26 Nov
-
29 Nov
FP1 in
274 days
Motorsport Blog
Topic

Motorsport Blog

F1 boss Bernie Ecclestone confirms he has been indicted in Germany

shares
comments
F1 boss Bernie Ecclestone confirms he has been indicted in Germany
Jul 17, 2013, 11:40 AM

After months of waiting, Formula 1's commercial boss Bernie Ecclestone has confirmed this morning that he has been formally indicted by the prosect...

After months of waiting, Formula 1's commercial boss Bernie Ecclestone has confirmed this morning that he has been formally indicted by the prosector in Germany, relating to the conviction of former banker Gerhard Gribkowsky for corruption.

According to a Financial Times article today, Ecclestone said,

“I have just spoken to my lawyers and they have received an indictment. It’s being translated into English. We are defending it properly.

"It will be an interesting case. It’s a pity it’s happened.”

Ecclestone added that he had not been offered a route to resolve the suit financially, as had been rumoured in F1 circles.

The teams and FIA will now await developments from CVC and the board of Formula 1, regarding Ecclestone's ongoing position as chief executive.

Today's development relates to a $44 million payment to Gribkowsky when he was an officer at Bayern Landesbank, which was a shareholder of F1 before it sold to CVC.

Ecclestone has said that the money paid to Gribkowsky was in response to a "shakedown" by the banker. He has always denied that the payment was a bribe.

According to the FT, Ecclestone's representatives are due to appear in the London courts this week to defend a suit brought by Constantin Medien that he undersold the commercial rights to F1 to CVC.
Next article
Rookie disappointed Alonso sitting out Silverstone

Previous article

Rookie disappointed Alonso sitting out Silverstone

Next article

Mercedes' Wolff 'secretly recorded' amid F1 war - report

Mercedes' Wolff 'secretly recorded' amid F1 war - report
Load comments

About this article

Series Formula 1